MTS, Europe's premier facilitator for the European electronic fixed income market today announced that it has granted a licence to Lyxor to create ETFs based on its MTS France and MTS Italy Government Bond 1-3 year Indices.
The indices track the performance of all MTS-listed sovereign debt instruments issued by the French and Italian governments that have more than €2 billion outstanding and a maturity of between one and three years.
Jack Jeffery, CEO of MTS, said: "We are delighted that Lyxor has again chosen to create ETFs based on MTS Government bond indices. MTS France and MTS Italy Government bonds indices continue to provide key benchmark tools for bond investors and Lyxor's new instruments are a further demonstration of this."
Nizam Hamid, head of Product Line Management ETFs with Lyxor, comments: "Lyxor is pleased to offer investors, through its new Government Bond ETF products, the opportunity of a direct and precise exposure to front end debt instruments of two major eurozone economies based on independent, accurate and well-established indices provided by MTS"
The MTS France Government Bond Index and MTS Italy Government Bond Index are calculated and published in real time. They are freely-available on the MTS website www.mtsindices.com and through major data vendors.
The ETFs are called, Lyxor 1-3Y MTS France Government Bond and Lyxor MTS 1-3Y Italy Government Bond.